Pump.Fun plans to launch tokens; Harris crypto regulation plan draws criticism

Headline

▌Pump.Fun plans to launch tokens in the future

Pump.Fun announced the launch of a new advanced trading terminal, Pump Advanced, and revealed in X space that it plans to launch tokens in the future. The main view of Pump Advanced includes charts, top holder statistics, advanced filters, real-time update threads and other features designed to attract heavy users of Pump.Fun. The website also allows users to log in through the identity verification platform Privy, use non-custodial wallets, and will charge 0% fees for at least the first 30 days, and subsequent fees will be announced soon

▌Harris's encryption regulatory plan has sparked criticism, but also brought optimism

On October 19, in order to win the support of black male voters, the campaign team of Democratic presidential candidate Harris released an outreach agenda this week, which included a promise to formulate cryptocurrency regulatory policies to protect black men who invest in digital assets. This is the most specific statement by the current vice president to date. While some cryptocurrency investors and industry insiders praised Harris' tougher language on cryptocurrency regulation, others criticized the language for specifically targeting black men. Studies show that more than a quarter of black Americans own cryptocurrency, compared to only about 15% of white people, making cryptocurrency more acceptable.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $68,233.43, with a daily increase or decrease of -0.2%;

ETH's latest transaction price is $2,640.08, with a daily increase or decrease of +0.0%;

BNB's latest transaction price is $596.92, with a daily increase or decrease of -0.5%；

SOL's latest transaction price is 158.88 US dollars, and its intraday change is +2.5%；

DOGE's latest transaction price is 0.1424 yuan, and its intraday change is +2.8%；

XPR's latest transaction price is 0.5364 US dollars, and its intraday change is -0.7%.

Policy

▌ECB signals possible regulation of Bitcoin

An analyst named Tuur Demeester has warned of a recent paper from the European Central Bank (ECB) that foreshadows the possibility of regulation, heavy taxation, or even an outright ban on Bitcoin. The report, titled "The Distributional Consequences of Bitcoin," argues that the rise in cryptocurrency prices has disproportionately benefited early adopters. This puts later investors at a disadvantage, the report says.

Blockchain Applications

▌Injective: Paradyze private testnet now live

Injective posted on the X platform that the Paradyze private testnet is now live, and Paradyze is building an on-chain prediction market platform that enables users to trade in markets ranging from election results to Meme coin potential.

▌Unisat: Maintenance completed, PizzaSwap withdrawal function launched

According to Unisat’s post on the X platform, PizzaSwap maintenance has been completed, and the withdrawal function is now fully open and available. Users can seamlessly transfer, exchange and withdraw assets directly on PizzaSwap. In addition, a new fee option has been launched, allowing users to choose between bSats/sSats and bFB/sFB for greater flexibility during token swaps.

Cryptocurrency

▌Bitcoin spot ETF inflows reached $274 million in six days

On October 18, Bitcoin spot ETFs saw inflows of $274 million, six consecutive days of inflows. Among them, ArkInvest’s ARKB inflows were $110 million, and BlackRock’s IBIT inflows were $70.4 million. In contrast, Ethereum spot ETFs saw a smaller inflow of $1.9 million. Sosovalue said these continued inflows reflect growing investor confidence in Bitcoin ETFs and allow large funds such as ArkInvest and BlackRock to continue to drive market interest.

▌The trading volume of 6 Hong Kong virtual asset ETFs today is HK$15.2927 million

Hong Kong stock market data show that as of the close, the trading volume of 6 Hong Kong virtual asset ETFs today is HK$15.2927 million, including: Hua Xia Bitcoin ETF (3042.HK) The trading volume is HK$8.48 million, Hua Xia Ethereum ETF (3046.HK) The trading volume is HK$2 million, Harvest Bitcoin ETF (3439.HK) The trading volume is HK$1.63 million, Harvest Ethereum ETF (3179.HK) The trading volume is HK$437,900, Bose HashKey Bitcoin ETF (3008.HK) The trading volume is HK$2.58 million, and the trading volume of Bose HashKey Ethereum ETF (3009.HK) is HK$164,800.

▌Xiao Feng: Tokens will become the key connector between the physical and digital realms in the future

At the 10th Global Blockchain Summit, Dr. Xiao Feng, Chairman and CEO of HashKey Group, discussed the redefinition of tokens in the era of artificial intelligence and their potential impact on the future economy. Dr. Xiao Feng believes that tokens will play a core role in the future digital economy and become the key connector between the physical and digital realms. The next decade will be an exciting and dynamic period for blockchain, Web3 and token innovation, which will reshape the economic landscape

Important Economic Dynamics

▌ECB Governing Council Member Villeroy: Further rate cuts are possible

ECB Governing Council Member Villeroy said that inflation could reach 2% by the beginning of next year and further rate cuts are possible.

▌Today's Fear and Greed Index fell to 73, and the level is still Greed

Today's Fear and Greed Index rose to 73, and the level is still Greed. Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media heat (15%) + market research (15%) + Bitcoin's proportion in the entire market (10%) + Google hot word analysis (10%).

Golden Encyclopedia

▌What is Proto-Danks Sharding

Sharding is a method of dividing a ledger into smaller parts (called shards). But proto-danksharding is one of the most opaque terms in the vocabulary of the crypto world. The term has no particular guiding meaning. Is proto an abbreviation for prototype? Is this the same dank in your favorite meme folder? Both assumptions may be quite reasonable, but both are wrong. The idea was first proposed by protolambda and Dankrad Feist, who named it after themselves. Proto-danksharding is a type of transaction that accepts the above blobs. The solution using blobs aims to overcome Ethereum's long-standing problems of high gas fees and low transaction throughput.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish the correct investment concept and be sure to increase risk awareness.